CoStar Stock And Other Property Platform Names Shaped By New York Tax Changes
New York City's new pied-à-terre tax is impacting the real estate market, shifting capital and drawing attention to property transaction service and platform stocks. This article examines three key companies: CBRE Group, Altus Group, and CoStar Group, highlighting their exposure to these market changes and their investment potential. Each company offers unique insights into the evolving real estate landscape, from diversified services to data analytics and digital marketplaces.
People Roundup: Immowelt, Boneo, Boligportal, CoStar Group
This week's "People Roundup" focuses on significant leadership changes within major real estate platforms. Immowelt appointed Andreas Wellinger as its new CFO, while Boneo named Tobias Bard as its new CEO. Additionally, Boligportal appointed Martin Tobberup as interim CEO, and CoStar Group hired Steve Price as President for its Ten-X auction site.
News | Engineering firm signs new office lease at Redwood Shores campus south of San Francisco
BKF Engineers, a West Coast civil engineering, surveying, and construction management firm, has signed a new lease for 10,117 square feet of office space at Towers at Shores Center in Redwood City, California. This relocation keeps the company within the Bay Area town where it was founded over a century ago and is part of Hudson Pacific's Peninsula portfolio. The article is exclusively available to CoStar subscribers, highlighting its focus on commercial real estate news.
CoStar Group Drops 5.5% Amid Sector-Wide Selling
CoStar Group (CSGP) experienced a 5.5% drop in its stock price, closing at $31.87, due to a sector-wide selloff in the real estate services industry. The decline, which affected peers like COMP, OPEN, and AGNT, was not driven by company-specific news but rather by a broader market reassessment of the sector, signaling potential shifts in macroeconomic sentiment. Investors are advised to monitor the persistence of this sector weakness to determine if it's a temporary shakeout or a more lasting trend.
Talos Energy Jumps 6.0% Amid Sector-Wide Rally
Talos Energy Inc. (TALO) surged 6.0% to $18.19, driven by a broad sector-wide rally in oil and gas exploration and production. This increase, supported by high trading volume, reflects renewed investor interest in energy stocks. While the company's gain was higher than some peers, its sustained momentum will depend on continued sector strength and commodity price trends.
CoStar Group (CSGP) Following Ten X Leadership Change Is The Stock A Bargain
CoStar Group (CSGP) has appointed Steve Price as President of its Ten-X platform, a move that has coincided with short-term share price momentum after a period of decline. Despite recent volatility and a significant year-to-date share price drop, the stock is considered 24.1% undervalued by analysts, with a fair value of $44.45 compared to its recent close of $33.73, driven by expectations of increased revenue growth and profit margins. However, the company faces execution risks related to Homes.com user traction and potential weakness in commercial office demand.
CoStar Group Inc (CSGP) Stock Up 7.5% and Still Undervalued -- GF Score: 71/100
CoStar Group Inc (CSGP) shares rose 7.5% but are considered significantly undervalued with a GF Value™ of $103.04 against a current price of $33.73. Despite a GF Score™ of 71/100 indicating above-average investment quality with strong growth and profitability, its valuation and momentum ranks are low due to its high P/E ratio and recent stock performance. Insider buying and guru investor activity suggest confidence in the company's long-term potential.
Does CoStar (CSGP) Pairing New Ten-X Leadership With AI Tools Reframe Its Competitive Moat?
CoStar Group (CSGP) recently appointed Steve Price as President of Ten-X, its commercial real estate auction platform, bringing significant foreclosure and auction technology experience. This leadership change, combined with CoStar's focus on AI productivity tools across its platforms like Apartments.com and Homes.com, raises questions about its competitive position. The article explores how these developments might influence CoStar's investment narrative, revenue growth, and profitability, especially in the context of ongoing spending on Homes.com and broader market challenges.
CoStar Group (CSGP) Stock Looks Undervalued Despite Mixed Valuation Signals
CoStar Group (CSGP) stock has declined significantly over the past year, leading to an estimated intrinsic value of $63 per share based on a Discounted Cash Flow (DCF) model, suggesting it is currently undervalued by about 46.7%. However, broader valuation checks, including a P/S ratio of 3.8x which is higher than the industry average, indicate a mixed picture rather than a clear bargain. The article concludes that the key question is whether CoStar Group can achieve the free cash flow levels assumed by the intrinsic value model, making the current discount either compensation for risks or a genuine opportunity.
CoStar Group Inc. stock rises Wednesday, outperforms market
CoStar Group Inc. (CSGP) shares rose by 7.49% on Wednesday, closing at $33.73. This performance outpaced the broader market, with the S&P 500 Index gaining 0.21% and the Dow Jones Industrial Average rising 0.22%. It marked the second consecutive day of gains for the stock.
Should You Buy MercadoLibre Stock at $1,779 After Its Third Straight Profit Decline? Here’s What Analysts Are Saying.
MercadoLibre (MELI) reported record Q2 2026 revenue of $10.2 billion, but its stock fell due to a third consecutive quarter of declining net income and compressed EBIT margins. Despite this, 15 out of 24 analysts rate the stock as a "buy," with a mean target of $2,257. TIKR's model projects a higher valuation of $9,139 by December 2030, anticipating a significant rebound in EBIT growth after an expected trough.
DoubleTree planned for Gujarat
Sanjayraj and Co. will develop a 145-key DoubleTree by Hilton in Rajkot, Gujarat, expected to open in early 2030. This will be Hilton's fourth property in Gujarat, catering to the growing demand for branded hotels in Rajkot, a significant commercial and industrial hub. The hotel will offer extensive meeting facilities, including a large ballroom, and various amenities such as two restaurants, a spa, fitness center, and swimming pool.
Insider Watch: 3 CEOs Betting Millions on Their Own Stocks
This article highlights three CEOs who have recently made significant investments in their own companies, signaling strong confidence in their respective firms. Intel's CEO purchased nearly $10 million in shares, CoStar Group's CEO bought $2.5 million worth, and Pfizer's CEO invested over $1 million. These insider buys are often seen by investors as a positive indicator for future stock performance.
CoStar Just Cut Its Revenue Forecast. Its Profit Guidance Went Up Instead.
CoStar Group (CSGP) recently cut its 2026 revenue guidance following its Q2 earnings call, yet maintained its adjusted EBITDA guidance, which had previously increased. This strategic shift reflects a focus on profitability and expense management, particularly within its residential segment and through adjustments to Homes.com and Apartments.com. Despite an initial stock drop and analyst target reductions, TIKR's model suggests a strong long-term valuation of $57, emphasizing the company's newfound margin discipline over rapid top-line growth.
Is Wall Street Bullish or Bearish on CoStar Group Stock?
CoStar Group (CSGP) shares have significantly underperformed the broader market and the real estate sector over the past year due to shaky fundamentals, including declining operating and free cash flow margins, and poor returns on capital. Despite these challenges, analysts maintain a "Moderate Buy" consensus, though the sentiment has become more bearish recently, with price targets suggesting potential upside.
CoStar Group stock price target maintained at $35 by Citizens
Citizens has reiterated a Market Outperform rating on CoStar Group (NASDAQ:CSGP) and maintained its $35.00 price target, noting the stock is currently undervalued according to InvestingPro analysis despite a 65% decline over the past year. The firm's valuation is based on approximately 14 times CoStar's 2027 estimated EBITDA, with expectations that margins will expand and Homes.com losses will lessen, contributing to a re-rating of the valuation. This comes as CoStar Group reported mixed Q2 2026 financial results, with revenue slightly below estimates but EBITDA exceeding expectations, and CEO Andrew Florance made a significant share purchase.
CoStar Group stock price target maintained at $35 by Citizens
Citizens has reiterated a Market Outperform rating for CoStar Group (NASDAQ: CSGP), maintaining a $35 price target. Despite a 65% decline in stock value over the past year, InvestingPro analysis indicates the company is undervalued. The firm believes CoStar's valuation will improve as Homes.com losses diminish and margins expand, noting the company's strong 79% gross profit margin and 22% revenue growth.
CoStar Group stock price target maintained at $35 by Citizens
Citizens has reiterated a Market Outperform rating on CoStar Group (NASDAQ:CSGP) and maintained its $35.00 price target, noting the stock trades at 11.0 times its 2027 estimated EBITDA. The firm believes the valuation can improve as margins expand and Homes.com losses become less impactful. Despite recent mixed financial results and analyst downgrades, CoStar's CEO recently purchased $2.5 million worth of shares.
CoStar Group stock price target maintained at $35 by Citizens
Citizens has reiterated a Market Outperform rating for CoStar Group (NASDAQ:CSGP) and maintained its $35.00 price target, noting the company's undervaluation relative to its Fair Value despite a 65% stock decline over the past year. The firm's price target is based on 14 times 2027 estimated EBITDA, with expectations of margin expansion and reduced headwinds from Homes.com losses. CoStar Group recently reported mixed Q2 2026 results, with revenue slightly below estimates but EBITDA exceeding expectations, leading to some analyst downgrades and price target reductions, alongside a significant share purchase by CEO Andrew Florance.
Is CoStar Group (CSGP) Undervalued Following Steve Price’s Ten X Appointment?
CoStar Group (CSGP) is under investor scrutiny after appointing Steve Price as President of Ten-X, its digital commercial real estate auction platform. The article explores whether CoStar Group is undervalued, citing a fair value of $44.45 against a current price of $31.35. While the company has seen a recent share price gain, it remains significantly down year-to-date, prompting a discussion on whether the current valuation represents a risk or an opportunity given its P/S ratio compared to the industry.
U.S. home prices reach $400,000 as more homes hit the market
Homes.com's July 2026 report indicates that the national median home sale price hit $400,000, a 2.6% increase from the previous year, despite an expanding inventory and higher mortgage rates. Home sales also rose by 2.9% year-over-year. The report highlights varying conditions across metropolitan areas and housing types, with the "mortgage lock-in effect" seemingly easing as more homeowners list their properties.
Is CoStar Group (CSGP) Undervalued Following Steve Price’s Ten X Appointment?
CoStar Group (CSGP) is gaining investor attention following the appointment of Steve Price as President of Ten-X, its commercial real estate auction platform. Despite a recent share price gain, CoStar's stock has significantly declined year-to-date, prompting a debate about its valuation. The company's most popular narrative suggests it is undervalued with a fair value of $44.45, supported by investments in residential real estate, international expansion, and AI integration, while acknowledging risks if Homes.com spending falters.
CoStar Group Names Steve Price President of Ten-X
CoStar Group has appointed Steve Price as the new president of Ten-X, its digital commercial real estate auction platform. Price, previously a senior leader at Auction.com, will focus on repositioning Ten-X by improving sales, service, marketing, and product performance, as well as relaunching the Ten-X website and integrating it more deeply with CoStar and LoopNet. This strategic move aims to strengthen Ten-X's market position through data-driven approaches and Price's extensive experience in building and scaling real estate disposition businesses.
CoStar Group names Steve Price as Ten-X president By Investing.com
CoStar Group (NASDAQ:CSGP) has appointed Steve Price as President of Ten-X, its digital commercial real estate auction platform. Price previously served as Executive Vice President of Foreclosure Auction Services at Auction.com for 12 years, where he led significant real estate transactions and operational improvements. Ten-X will operate as a separate brand, with its website relaunched to include direct bidding functionality.
CoStar Group Names Steve Price President of Ten-X
CoStar Group has appointed Steve Price as the new President of Ten-X, its digital commercial real estate auction platform. Price brings extensive experience from Auction.com, where he specialized in building and scaling disposition programs and reengineering foreclosure divisions. His new role will focus on leading Ten-X as a standalone brand, fostering innovation, and driving revenue growth in the online real estate auction space.
CoStar Group names Steve Price as Ten-X president
CoStar Group, Inc. announced the appointment of Steve Price as President of Ten-X, its digital commercial real estate auction platform. Price previously spent 12 years at Auction.com, where he was Executive Vice President of Foreclosure Auction Services, and will now lead Ten-X's sales, service quality, marketing, and product performance. Ten-X will operate as a separate brand, with plans to relaunch its website to include direct bidding functionality.
CoStar Group names Steve Price as Ten-X president By Investing.com
CoStar Group, Inc. (NASDAQ:CSGP) has appointed Steve Price as President of Ten-X, its digital commercial real estate auction platform. Price previously spent 12 years at Auction.com, where he was Executive Vice President of Foreclosure Auction Services and significantly reduced operating costs through technology and automation. Ten-X, acquired by CoStar Group in 2020, will operate as a separate brand with dedicated leadership, and its website will be relaunched with direct bidding functionality.
Costar Group Names Steve Price President Of Ten-X
CoStar Group has appointed Steve Price as the President of Ten-X. This announcement was published on August 18, 2026, at 09:24 am EDT by Reuters. Further details are reserved for members of the platform.
CoStar Group names Steve Price as Ten-X president By Investing.com
CoStar Group, Inc. has appointed Steve Price as the new President of Ten-X, its digital commercial real estate auction platform. Price previously spent 12 years at Auction.com, where he was instrumental in reducing operating costs and developing remote bidding capabilities, and will now lead Ten-X's sales, service quality, marketing, and product performance. Ten-X will operate as a distinct brand with dedicated leadership, and CoStar Group plans to relaunch its website to include direct bidding functionality.
CoStar Group Inc. stock falls Monday, underperforms market
Shares of CoStar Group Inc. (CSGP) experienced a 3.18% decline on Monday, closing at $31.35. This underperformance occurred during a generally negative trading session, with the S&P 500 Index and Dow Jones Industrial Average also recording losses. This marks the second consecutive day of losses for CoStar Group stock.
CoStar Lost $29 Billion. Shawn O'Malley Is Doubling Down, Calling It the 'Bloomberg Terminal of Commercial Real Estate.'
Investors Daniel Mahncke and Shawn O'Malley are doubling down on CoStar Group after the company lost $29 billion in market value, believing its core data business is mispriced despite concerns over its Homes.com venture. They reviewed five losing investments—Lululemon, PayPal, Adobe, The Trade Desk, and CoStar—to identify failure modes like management instability and valuation discrepancies. CoStar was the only stock they enlarged, viewing its significant market cap drop as an overreaction to its $3-5 billion Homes.com investment, and see it as a "Bloomberg Terminal of commercial real estate."
Are CoStar Group’s Upgraded Rent Forecasts Quietly Reframing Its Data Moat Story (CSGP)?
CoStar Group (CSGP) recently upgraded its rent forecasts for U.S. retail and multifamily properties, signaling stronger demand, limited new supply, and improved employment assumptions. While these upgrades support near-term growth for its Apartments.com unit and data subscriptions, the company's investment narrative remains heavily influenced by the substantial cash burn from Homes.com and other growth initiatives. Despite a significant year-to-date share price decline, management maintains its full-year guidance, suggesting confidence in its ability to leverage its data platforms amidst an improving real estate market.
Are CoStar Group’s Upgraded Rent Forecasts Quietly Reframing Its Data Moat Story (CSGP)?
CoStar Group's recent upgraded rent forecasts for retail and multifamily properties suggest a stronger real estate market than previously anticipated, potentially influencing its investment narrative. While these upgrades support CoStar's data and marketplace value, the heavy spending on Homes.com remains a significant risk. Despite a nearly 50% year-to-date share price decline, management maintains confidence in its 2026 outlook, with the company projecting significant revenue and earnings growth by 2029.
Baron Group (CSGP) discloses 21.6M CoStar shares under Ronald Baron’s control
Baron Capital Group, along with BAMCO, Inc., Baron Capital Management, Inc., and Ronald Baron, have reported a collective beneficial ownership of 21,626,763 shares of CoStar Group, Inc. (CSGP) common stock, representing 5.3% of the outstanding class as of June 30, 2026. All shares are held with shared voting and dispositive power, with Ronald Baron maintaining a controlling interest in Baron Capital Group. This disclosure highlights a significant institutional stake in CoStar Group, with advisory clients retaining rights to dividends and sale proceeds.
NexPoint Real Estate Finance (NREF) Q2 2026 Earnings Call Transcript
NexPoint Real Estate Finance (NREF) reported Q2 2026 earnings with diluted net income of $0.29 per share, EAD of $0.46 per share, and CAD of $0.58 per share, covering its $0.50 quarterly dividend. The company highlighted strong performance in its life science and residential sectors, which now constitute over 75% of its portfolio, and completed a $375 million credit facility to enhance balance sheet flexibility. Management expressed optimism regarding residential market fundamentals and increasing demand in life sciences driven by AI, while emphasizing a disciplined investment approach and a robust capital structure.
CoStar Group Inc. stock rises Thursday, outperforms market
CoStar Group Inc. (CSGP) shares increased by 8.36% to $33.05 on Thursday, outperforming the broader market. This rise ended a two-day losing streak for the stock. The S&P 500 Index and Dow Jones Industrial Average also saw gains on the same day.
CoStar: Commercial real estate market to remain 'balanced' despite global pressures
A new forecast from CoStar anticipates that the national retail vacancy rate will remain stable through 2027, with modest rent growth supported by limited new construction and strong tenant demand. Despite potential global economic headwinds that could impact retail sales, CoStar expects store openings to continue outpacing closures. The overall outlook suggests a balanced commercial real estate market, though risks like rising energy prices and tariff uncertainty could introduce some downside.
Arch Capital Group Ltd. (ACGL) Stock Forecasts
Argus has lowered its target price for Arch Capital Group Ltd. (ACGL) to $108.00. The company, a Bermuda-based insurer and reinsurer, operates across multiple regions including the United States, Canada, Europe, Australia, and the UK. The current stock price for ACGL is $97.45.
CoStar Upgrades U.S. Retail Forecast
CoStar has upgraded its U.S. retail forecast, expecting balanced conditions through 2027 with national retail vacancy remaining stable and rent growth modestly strengthening due to limited new supply and healthy demand. While the forecast improved due to stronger-than-anticipated demand and quick backfilling of vacant spaces, CoStar's national director of retail analytics, Brandon Svec, noted that risks remain, including higher energy prices, renewed tariff uncertainty, and labor market deterioration. CoStar Group, a global leader in commercial real estate information, continues to monitor these factors.
Store Openings Outpace Closures in CoStar’s U.S. Retail Outlook
CoStar has upgraded its U.S. retail forecast through 2027, anticipating broadly balanced conditions with store openings continuing to outpace closures. The national retail vacancy is expected to remain stable before a minimal rise, while rent growth is projected to strengthen due to limited new supply and robust tenant demand. Despite the improved outlook, risks such as higher energy prices, tariff uncertainty, and labor market deterioration could still impact consumer spending and retailer profitability.
Here’s Why Baron Opportunity Fund Sold CoStar Group (CSGP)
Baron Opportunity Fund sold its position in CoStar Group (CSGP) during Q2 2026 after a multi-decade investment. The decision was driven by the slow revenue growth of CoStar's Homes.com platform and concerns over AI disruption in the software and information services ecosystem. While acknowledging CoStar's potential, the fund believes other AI stocks offer greater upside and less risk.
Apartments.com raises U.S. multifamily rent growth forecast
Apartments.com, a CoStar Group company, has revised its U.S. multifamily vacancy forecast downward and increased its rent growth projections due to stronger employment assumptions and absorption of excess inventory. National multifamily vacancy is expected to rise slightly by year-end before easing in 2027, while apartment rent growth is now projected to increase significantly in the third and fourth quarters of 2026. Despite potential risks from energy prices and slower labor force growth, the market benefits from undersupply and a slowing construction pipeline.
U.S. multifamily vacancy forecast to ease to 8.1% by end-2027
Apartments.com, a CoStar Group company, has revised its U.S. multifamily vacancy forecast downward and increased its rent growth projections. National multifamily vacancy is expected to reach 8.2% by the end of 2026 and then ease to 8.1% by the end of 2027, with Q4 2026 rent growth forecast at 1.9%. This updated outlook is driven by stronger employment assumptions and significant progress in absorbing excess inventory, despite potential risks from elevated energy prices.
CoStar Group Inc. stock falls Tuesday, underperforms market
CoStar Group Inc. (CSGP) stock fell 1.14% on Tuesday, closing at $31.12, underperforming the broader market. This decline broke a two-day winning streak for the company's shares. The S&P 500 Index and Dow Jones Industrial Average also experienced declines on the same trading day.
CoStar Group Stock Is Down 52% This Year & Its CEO Just Bought $2.49 Million of It. Here’s Why.
CoStar Group (CSGP) stock has dropped 52% this year, largely due to a revenue guidance cut despite strong profitability. CEO Andy Florance recently purchased $2.49 million in shares, signaling confidence, while TIKR's model projects an 82% return by 2030 based on anticipated margin expansion. Analysts have become more cautious, but the stock has begun to rebound from its post-earnings low.
PensionDanmark Pensionsforsikringsaktieselskab Sells 98,500 Shares of CoStar Group, Inc. $CSGP
PensionDanmark Pensionsforsikringsaktieselskab significantly reduced its stake in CoStar Group (NASDAQ:CSGP) by 71.4%, selling 98,500 shares and retaining 39,466 shares worth $1.12 million. Despite this, other institutional investors have increased their holdings, and CoStar Group reported strong Q2 earnings, beating EPS estimates with an 18.4% rise in revenue. Analyst sentiment is mixed, with a "Hold" rating and an average price target of $41.61, while CEO Andrew Florance recently purchased a substantial amount of shares.
CoStar Group, Inc. (NASDAQ:CSGP) Receives Average Recommendation of "Hold" from Brokerages
CoStar Group, Inc. (NASDAQ:CSGP) has received a consensus "Hold" rating from twenty analysts, with an average 1-year price target of $41.61. Despite quarterly earnings exceeding estimates, revenue slightly missed expectations, and the stock remains significantly below its annual high. Insider activity shows the CEO acquiring a substantial number of shares, while another executive sold shares, and institutional investors hold a large majority of the stock.
News | OceanSound commits to Park Avenue offices
Private equity firm OceanSound is expanding its offices at SL Green Realty's 450 Park Ave. in Manhattan. This move signifies continued demand for premier office properties in the city. The article notes that further details are exclusively available to CoStar subscribers.
Insider Selling: CoStar Group (NASDAQ:CSGP) CAO Sells $147,374.64 in Stock
CoStar Group's CAO, Cynthia Cammett Cann, sold 4,788 shares of the company's stock for $147,374.64, reducing her ownership by over 20%. The company recently reported Q2 EPS of $0.32, beating estimates, with revenue up 18.4% year-over-year. Despite mixed analyst ratings and a "Hold" consensus, institutional investors continue to hold significant stakes in CSGP.
CoStar CEO Andrew Florance Buys 83,300 Shares for $2.5 Million. What Does This Tell Investors?
CoStar Group CEO Andrew Florance recently purchased 83,300 shares of the company's common stock for $2.5 million, increasing his direct stake by 5%. This significant insider purchase is seen as a bullish signal, especially given the stock's recent depreciation and investor concerns about competition. Analysts anticipate a strong fiscal 2026 for CoStar, with projected revenue growth and a substantial increase in net income, further reinforcing the positive outlook from the CEO's investment.
