Peregrine Capital Management LLC Has $64.19 Million Position in CoStar Group, Inc. $CSGP

Peregrine Capital Management LLC raised its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 760,836 shares of the technology company’s stock after buying an additional 60,293 shares during the period. CoStar Group makes up about 1.9% of Peregrine Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Peregrine Capital Management LLC’s holdings in CoStar Group were worth $64,192,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of CoStar Group in the 2nd quarter worth $426,783,000. Viking Global Investors LP acquired a new position in shares of CoStar Group in the 2nd quarter valued at $258,773,000. Franklin Resources Inc. increased its stake in CoStar Group by 70.3% in the 2nd quarter. Franklin Resources Inc. now owns 3,439,904 shares of the technology company’s stock worth $276,568,000 after purchasing an additional 1,419,732 shares in the last quarter. Third Point LLC raised its holdings in CoStar Group by 56.2% during the 2nd quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock worth $248,034,000 after buying an additional 1,110,000 shares during the period. Finally, Ion Asset Management Ltd. raised its holdings in CoStar Group by 730.3% during the 2nd quarter. Ion Asset Management Ltd. now owns 1,169,833 shares of the technology company’s stock worth $94,055,000 after buying an additional 1,028,933 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Trading Down 0.5%

CoStar Group stock opened at $61.36 on Friday. The company’s fifty day simple moving average is $67.12 and its 200-day simple moving average is $78.96. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12 month low of $60.19 and a 12 month high of $97.43. The stock has a market cap of $26.01 billion, a P/E ratio of 1,227.20, a P/E/G ratio of 1.33 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. CoStar Group’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. As a group, sell-side analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on CSGP shares. The Goldman Sachs Group set a $78.00 target price on shares of CoStar Group in a research report on Thursday. BMO Capital Markets lowered their price objective on shares of CoStar Group from $77.00 to $72.00 and set a “market perform” rating on the stock in a research report on Thursday. Needham & Company LLC cut their target price on shares of CoStar Group from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $68.00 target price on CoStar Group in a research report on Thursday. Finally, BTIG Research started coverage on CoStar Group in a report on Friday, October 3rd. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.38.

More CoStar Group News

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Board authorized a $1.5 billion share buyback (up to ~5.3% of shares). Large buybacks typically support the stock by reducing float and signal management thinks shares are undervalued; this is the biggest immediate catalyst. CoStar Group (NASDAQ:CSGP) to Buyback $1.50 billion in Outstanding Shares
• Positive Sentiment: Analysts and some brokers view the package of conservative guidance, improved capital allocation and governance moves as a buying opportunity — William Blair reiterated a Buy, highlighting shareholder‑friendly changes that could boost returns over time. CoStar Group: Conservative Guidance, Improved Capital Allocation, and Shareholder‑Aligned Governance Create Attractive Buy Opportunity
• Neutral Sentiment: CoStar issued FY‑2026 guidance (Adj. EPS $1.220–1.330; revenue ~ $3.8B) and outlined a medium‑term plan to expand adjusted EBITDA — guidance is roughly in line with consensus but framed as conservative, which tempers growth expectations while prioritizing margin improvement. CoStar Group Provides Full Year 2026 and Medium-Term Outlook with Significant Adjusted EBITDA Expansion
• Neutral Sentiment: Apartments.com (a CoStar asset) reported U.S. apartment rents eked up in Dec (+0.1% month) after several months of flat/negative change — stabilization in rents supports listings demand but the improvement is modest. Apartments.com Releases Multifamily Rent Growth Report for December 2025
• Neutral Sentiment: CoStar plans to cut net investment in Homes.com by at least $100M per year through 2030 — this reduces cash drag and shows discipline but also signals slower reinvestment/growth in that business (Barron’s notes some investor unease). Homes.com Will Be Profitable in 2030, CoStar Says. Investors Aren’t Thrilled.
• Negative Sentiment: Several brokers trimmed price targets (Goldman Sachs to $84, Needham to $80, BMO to $72, Citizens to $78) — these downward revisions can weigh on near‑term sentiment and limit upside expectations despite continued buy/overweight ratings from some firms. Analyst Price Target Coverage

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.