John Berisford Acquires Shares in CoStar Group, Inc.
John Berisford bought 8,262 shares of CoStar Group, Inc. on June 23, 2026.
Key Points
- John Berisford purchased 8,262 shares of CoStar Group, Inc. on June 23, 2026, with the stock trading at $30.51 on Thursday.
- CoStar Group, Inc. has a market cap of $11.93 billion and a P/E ratio of 417.4, with a 52-week range between $29.08 and $97.43.
- Analysts have mixed ratings, with Wells Fargo maintaining a 'sell' and a $26 target, while Goldman Sachs has a 'buy' with a $54 target.
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John Berisford, an insider at CoStar Group, Inc. (NasdaqGS: CSGP), purchased 8,262 shares of the company on June 23, 2026. The transaction did not involve a predetermined plan and the stock traded at $30.51 on Thursday.
Insider Buying and Selling at CoStar Group, Inc.
Several insiders, including John Berisford, bought 8,262 shares each of CoStar Group, Inc. on June 23, 2026. The purchases were not made under any planned trading scheme.
Other Institutional Activity in CoStar Group, Inc.
Vanguard Portfolio Management LLC opened a new position in CoStar Group, acquiring 38,234,133 shares valued at roughly $1.54 billion. BlackRock, Inc. slightly reduced its holdings by 162,442 shares, now holding 33,808,184 shares worth about $1.36 billion, marking a 0.5% decrease. State Street Corp increased its stake by 18,623 shares to a total of 18,650,975 shares, valued at approximately $752.4 million, a 0.1% increase. BAMCO Inc /NY/ significantly reduced its holdings by 3,183,924 shares, now holding 16,314,175 shares valued at around $658.1 million, a 16.3% decrease.
CoStar Group, Inc. Stock Down 9.9%
Shares of CoStar Group, Inc. traded near $30.51 on Thursday. The company has a market capitalization of $11.93 billion and a P/E ratio of 417.4, reflecting its high valuation relative to earnings. The stock's 52-week range is between $29.08 and $97.43, with a 50-day moving average of $34.55 and a 200-day moving average of $56.86. CoStar Group has a current ratio of 2.20 and a quick ratio of 1.94, indicating solid short-term liquidity.
$CSGP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
CoStar Group reported revenues of $3.41 billion, with a revenue growth of 22.5%. The company has a net margin of 0.733% and a return on equity of 0.303%. Its next earnings report is scheduled for July 21, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
8 target cuts vs 0 raises.
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EPS & revenue
EPS beat estimates by 22.5%. Revenue missed estimates by 1.9%.
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Profit surprise
EBITDA missed by 25 percent. Operating income missed by 68 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
8 target cuts.
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Earnings quality
Gross margin down 0.9 points. Operating margin up 6.2 points. Positive free cash flow.
Earnings Call Summary
CoStar delivered strong Q1 results with revenue of $897 million, up 23 percent year over year, and adjusted EBITDA of $132 million, doubling the prior year quarter. The Homes.com business accelerated with 35,175 agent members generating an average 11x return on subscription investment, while Apartments.com grew 10 percent and added significant Matterport tours. Management emphasized that activist distraction is behind them and they are confident in executing their growth and profitability targets through 2030.
Guidance Company reaffirmed full year revenue of $3.78 billion to $3.82 billion and raised adjusted EBITDA guidance to $780 million to $820 million. For the second quarter, they expect revenue of $922 million to $932 million and adjusted EBITDA of $160 million to $180 million, with Residential reaching profitability.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Analysts Set New Price Targets
On June 24, 2026, Wells Fargo maintained a 'sell' rating on CoStar Group with a $26 price target. Benchmark initiated coverage with a 'buy' rating and a $45 target on June 4, 2026. Goldman Sachs maintained a 'buy' rating with a $54 target on April 30, 2026. Overall, CoStar Group has a consensus 'buy' recommendation with an average target price of $48.25 from 20 analysts.
About CoStar Group, Inc.
CoStar Group, Inc. provides information, analytics, and online marketplace services primarily to the real estate industry. The company, headquartered in Arlington, Virginia, serves clients in sectors ranging from real estate investment trusts to government agencies across North America, Europe, and the Asia Pacific. Led by CEO Andrew C. Florance, CoStar employs over 8,400 people and offers a suite of services including property listings, leasing data, and real estate management solutions.
Bottom Line
John Berisford's recent share purchase in CoStar Group, Inc. highlights ongoing insider interest in the company. CoStar's high P/E ratio suggests a premium valuation, while its upcoming earnings report may provide further insights into its financial health. Investors watch insider transactions like these for potential signals, though they reflect past actions rather than future performance.
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