Geneva Capital Management LLC Has $36.79 Million Stake in CoStar Group, Inc. $CSGP

Geneva Capital Management LLC reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 2.6% in the 3rd quarter, Holdings Channel reports. The firm owned 436,009 shares of the technology company’s stock after selling 11,640 shares during the period. Geneva Capital Management LLC’s holdings in CoStar Group were worth $36,786,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new position in shares of CoStar Group in the third quarter valued at approximately $26,000. Manning & Napier Advisors LLC bought a new stake in shares of CoStar Group during the 3rd quarter worth $28,000. Westside Investment Management Inc. grew its stake in CoStar Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares during the last quarter. Root Financial Partners LLC bought a new position in CoStar Group in the 3rd quarter worth $31,000. Finally, SJS Investment Consulting Inc. lifted its position in CoStar Group by 3,046.2% during the 3rd quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock worth $35,000 after acquiring an additional 396 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BMO Capital Markets dropped their price objective on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Bank of America set a $74.00 price target on CoStar Group in a research report on Wednesday, January 7th. Needham & Company LLC reduced their price objective on CoStar Group from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Royal Bank Of Canada lowered their price objective on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 25th. Finally, BNP Paribas Exane initiated coverage on shares of CoStar Group in a research report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and an average target price of $73.35.

Insider Transactions at CoStar Group

In other CoStar Group news, Director Louise S. Sams purchased 1,000 shares of the stock in a transaction on Friday, March 6th. The shares were purchased at an average price of $48.36 per share, with a total value 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 represents a 5.15% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.09% of the stock is owned by company insiders.

CoStar Group Trading Down 4.3%

CoStar Group stock opened at $46.33 on Wednesday. The business has a 50 day moving average price of $55.67 and a two-hundred day moving average price of $68.64. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12 month low of $43.16 and a 12 month high of $97.43. The stock has a market cap of $19.45 billion, a price-to-earnings ratio of 4,637.64, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $900.00 million for the quarter, compared to analyst estimates of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.CoStar Group’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 EPS. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, equities analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 7th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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.