CoStar Group (CSGP) Fell Despite Solid Results

5 hours ago 1

Soumya Eswaran

Wed, July 1, 2026 astatine 7:53 AM CDT 3 min read

TimesSquare Capital Management, an equity concern absorption company, released its "U.S. Mid Cap Growth Strategy" first-quarter 2026 capitalist letter. A transcript of the missive tin be downloaded here. The Strategy fell 7.72% (net) successful the 4th compared to -6.35% for the Russell Midcap Growth Index. In the archetypal quarter, markets navigated geopolitical tensions and economical resilience alongside impermanent planetary tariffs. High lipid prices and proviso concatenation disruptions followed U.S. and Israeli engagement successful Iran, prompting a displacement to safer assets and a reevaluation of proviso chains and vigor dependencies. Central banks maintained dependable policies contempt energy-driven inflation. In this environment, the Strategy remains focused connected disciplined absorption teams with durable competitory advantages. Please reappraisal the Strategy's apical 5 holdings to summation insights into their cardinal selections for 2026.

In its first-quarter 2026 capitalist letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted CoStar Group, Inc. (NASDAQ:CSGP). CoStar Group, Inc. (NASDAQ:CSGP) is an information, analytics, and online marketplace services supplier for commercialized and residential spot markets. On June 30, 2026, CoStar Group, Inc. (NASDAQ:CSGP) closed astatine $28.32 per share. One-month instrumentality of CoStar Group, Inc. (NASDAQ:CSGP) was -15.21%, and its shares mislaid 65.22% implicit the past 52 weeks. CoStar Group, Inc. (NASDAQ:CSGP) has a marketplace capitalization of $11.56 billion.

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the pursuing regarding CoStar Group, Inc. (NASDAQ:CSGP) successful its Q1 2026 capitalist letter:

"CoStar Group, Inc. (NASDAQ:CSGP) provides information, analytics, and marketplace services to the existent property industry. Reported coagulated 4th fourth results and reiterated guidance for 2026, though nett caller bookings were a interaction airy of buy-side expectations. Trends successful the halfway concern stay strong, and profitability continues to outpace guidance and estimates. Its shares tumbled -40% successful the quarter."

CoStar Group, Inc. (NASDAQ:CSGP) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 62 hedge money portfolios held CoStar Group, Inc. (NASDAQ:CSGP) astatine the extremity of the archetypal quarter, up from 58 successful the erstwhile quarter. While we admit the imaginable of CoStar Group, Inc. (NASDAQ:CSGP) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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