Three Seasons Wealth LLC increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 242.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,644 shares of the technology company’s stock after acquiring an additional 18,858 shares during the period. Three Seasons Wealth LLC’s holdings in CoStar Group were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of CSGP. Norges Bank acquired a new position in CoStar Group in the 4th quarter worth 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. Institutional investors and hedge funds own 96.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Needham & Company LLC reduced their target price on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. The Goldman Sachs Group set a $46.00 target price on shares of CoStar Group and gave the stock a “buy” rating in a research report on Thursday, June 25th. Benchmark started coverage on shares of CoStar Group in a research note on Thursday, June 4th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 price target on shares of CoStar Group in a report on Thursday, April 30th. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.50.
CoStar Group Stock Up 2.9%
Shares of CSGP stock opened at $28.49 on Thursday. The stock’s 50 day simple moving average is $31.57 and its 200 day simple moving average is $43.02. 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 $26.68 and a twelve month high of $97.43. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 474.91, a PEG ratio of 0.71 and a beta of 0.74.
CoStar Group (NASDAQ:CSGP – Get Free Report) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $897.00 million during the quarter, compared to analyst estimates of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The company’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. 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.
Insider Buying and Selling at CoStar Group
In other news, CEO Andrew C. Florance acquired 71,430 shares of CoStar Group stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.18% of the company’s stock.
CoStar Group News Summary
Here are the key news stories impacting CoStar Group this week:
- Negative Sentiment: Robert W. Baird downgraded CoStar Group to Neutral from Outperform and reduced its price target, signaling less near-term confidence in the stock’s upside. Baird Downgrades CoStar Group (CSGP) to Neutral
- Negative Sentiment: CoStar announced that CFO Christian Lown will step down at the end of July and be replaced by Robin Rossmann, adding uncertainty around execution and margin expansion plans. CoStar Group promotes Robin Rossmann chief financial officer drive margin expansion
- Neutral Sentiment: Market commentary said CoStar’s recent move was also tied to investors waiting for the company’s next earnings report and updated management commentary later this month. CoStar Group slides as CFO transition and analyst downgrade pressure shares
- Neutral Sentiment: Separate analyst coverage remained mixed, with RBC Capital reiterating a Hold rating on CoStar Group. RBC Capital Remains a Hold on CoStar Group (CSGP)
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.
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