Paragon Capital Management Inc. Takes Position in CoStar Group, Inc. $CSGP

Paragon Capital Management Inc. purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,360 shares of the technology company’s stock, valued at approximately $741,000.

Several other hedge funds and other institutional investors have also modified their holdings of CSGP. Norges Bank purchased a new position in CoStar Group in the fourth quarter valued at about $476,765,000. Baillie Gifford & Co. raised its stake in shares of CoStar Group by 56.9% during the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after purchasing an additional 4,691,543 shares in the last quarter. Capital International Investors lifted its holdings in shares of 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 buying an additional 4,053,456 shares during the last quarter. Viking Global Investors LP acquired a new stake in shares of CoStar Group during the 2nd quarter valued at about $258,773,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of CoStar Group by 70.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock valued at $252,238,000 after buying an additional 1,556,100 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CoStar Group

In other news, CEO Andrew C. Florance bought 71,430 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the purchase, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This represents a 4.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.18% of the company’s stock.

CoStar Group Stock Down 3.0%

Shares of CSGP stock opened at $29.22 on Tuesday. The stock’s 50 day simple moving average is $34.27 and its 200 day simple moving average is $47.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. CoStar Group, Inc. has a twelve month low of $29.08 and a twelve month high of $97.43. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 487.08, a PEG ratio of 0.77 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last announced 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 firm had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. 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. As a group, research analysts predict that CoStar Group, Inc. will post 1.03 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on CSGP shares. Benchmark started coverage on CoStar Group in a report on Thursday, June 4th. They issued a “buy” rating and a $45.00 price objective on the stock. BTIG Research reiterated a “buy” rating and issued a $55.00 target price on shares of CoStar Group in a research note on Wednesday, April 29th. Wall Street Zen raised shares of CoStar Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Robert W. Baird dropped their price target on shares of CoStar Group from $73.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.33.

CoStar Group 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.