ING Groep NV Sells 63,208 Shares of CoStar Group, Inc. $CSGP

ING Groep NV decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 49.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,844 shares of the technology company’s stock after selling 63,208 shares during the quarter. ING Groep NV’s holdings in CoStar Group were worth $4,360,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital Research Global Investors boosted its stake in CoStar Group by 11.5% during the 4th quarter. Capital Research Global Investors now owns 5,566,962 shares of the technology company’s stock valued at $374,329,000 after purchasing an additional 573,108 shares during the period. Capital International Inc. CA boosted its stake in CoStar Group by 8.9% during the 4th quarter. Capital International Inc. CA now owns 10,849 shares of the technology company’s stock valued at $729,000 after purchasing an additional 890 shares during the period. Capital International Investors boosted its stake in CoStar Group by 59.7% during the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after purchasing an additional 4,053,456 shares during the period. Havemeyer Place LP bought a new stake in CoStar Group during the 4th quarter valued at approximately $217,000. Finally, Vestcor Inc boosted its stake in CoStar Group by 7.6% during the 4th quarter. Vestcor Inc now owns 12,780 shares of the technology company’s stock valued at $859,000 after purchasing an additional 900 shares during the period. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CSGP. Citizens Jmp cut their price target on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating for the company in a report on Wednesday, April 29th. Wall Street Zen raised CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Needham & Company LLC cut their price target on CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Zacks Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a report on Friday, March 27th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.33.

Insider Activity

In related news, CEO Andrew C. Florance bought 71,430 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the acquisition, the chief executive officer owned 1,722,865 shares in the company, valued at approximately $60,644,848. This represents a 4.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.09% of the company’s stock.

CoStar Group Trading Down 1.5%

Shares of CSGP opened at $33.39 on Tuesday. CoStar Group, Inc. has a 1 year low of $31.35 and a 1 year high of $97.43. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $35.87 and a 200-day simple moving average of $50.03. The stock has a market cap of $13.64 billion, a PE ratio of 556.59, a PEG ratio of 0.87 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. During the same period in the prior year, the firm posted ($0.04) EPS. CoStar Group’s quarterly revenue was up 22.5% compared to the same quarter last year. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. On average, sell-side analysts predict that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

About CoStar Group

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.