Ion Asset Management Ltd. Sells 635,833 Shares of CoStar Group, Inc. $CSGP

Ion Asset Management Ltd. lowered its position in CoStar Group, Inc. (NASDAQ:CSGP) by 54.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 534,000 shares of the technology company’s stock after selling 635,833 shares during the quarter. CoStar Group accounts for 4.9% of Ion Asset Management Ltd.’s investment portfolio, making the stock its 5th biggest position. Ion Asset Management Ltd.’s holdings in CoStar Group were worth $45,054,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in shares of CoStar Group during the 3rd quarter worth about $48,000. Kids Capital Management L.P. purchased a new position in CoStar Group in the third quarter valued at approximately $3,375,000. Hilltop Holdings Inc. lifted its position in CoStar Group by 12.8% during the third quarter. Hilltop Holdings Inc. now owns 6,684 shares of the technology company’s stock valued at $564,000 after buying an additional 757 shares in the last quarter. Gotham Asset Management LLC grew its stake in CoStar Group by 385.8% during the third quarter. Gotham Asset Management LLC now owns 22,651 shares of the technology company’s stock worth $1,911,000 after buying an additional 17,988 shares during the period. Finally, Fayez Sarofim & Co grew its stake in CoStar Group by 0.8% during the third quarter. Fayez Sarofim & Co now owns 2,174,799 shares of the technology company’s stock worth $183,488,000 after buying an additional 17,666 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSGP. Needham & Company LLC cut their target price on shares of CoStar Group from $80.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Robert W. Baird set a $73.00 price target on CoStar Group in a report on Wednesday, February 25th. Royal Bank Of Canada cut their price objective on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 25th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd. Finally, Jefferies Financial Group upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.35.

CoStar Group Stock Performance

Shares of CSGP stock opened at $43.63 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84. The company’s fifty day moving average price is $54.31 and its two-hundred day moving average price is $67.67. The firm has a market capitalization of $18.32 billion, a P/E ratio of 4,367.37, a P/E/G ratio of 1.17 and a beta of 0.90. CoStar Group, Inc. has a 12 month low of $42.94 and a 12 month high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The business had revenue of $899.90 million for the quarter, compared to analyst estimates of $892.22 million. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at CoStar Group

In other CoStar Group news, Director Louise S. Sams acquired 1,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were bought at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the acquisition, the director directly owned 20,409 shares of the company’s stock, valued at $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.09% of the stock is owned by corporate insiders.

CoStar Group Company Profile

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.