Barclays PLC lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 83.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,321,700 shares of the technology company’s stock after purchasing an additional 1,055,584 shares during the period. Barclays PLC’s holdings in CoStar Group were worth $156,111,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lloyd Advisory Services LLC. purchased a new position in shares of CoStar Group in the fourth quarter worth about $29,000. Rossby Financial LCC increased its position in CoStar Group by 47.5% during the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock worth $42,000 after purchasing an additional 162 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in CoStar Group by 25,650.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after purchasing an additional 513 shares during the last quarter. Zions Bancorporation National Association UT increased its position in CoStar Group by 41.8% during the third quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock worth $48,000 after purchasing an additional 166 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in CoStar Group during the third quarter worth about $48,000. 96.60% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at CoStar Group
In other CoStar Group news, CEO Andrew C. Florance acquired 71,430 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the purchase, the chief executive officer owned 1,722,865 shares in the company, valued at $60,644,848. This trade represents a 4.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.18% of the company’s stock.
CoStar Group Trading Down 2.4%
CoStar Group (NASDAQ:CSGP – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The business had revenue of $897.00 million during the quarter, compared to analyst estimates of $896.73 million. During the same quarter last year, the firm posted ($0.04) earnings per share. The business’s revenue for the quarter 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. Equities research analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
CSGP has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a research report on Thursday, April 30th. Needham & Company LLC cut their price objective on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Benchmark initiated coverage on shares of CoStar Group in a research report on Thursday, June 4th. They set a “buy” rating and a $45.00 price target for the company. Finally, Zacks Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.33.
Get Our Latest Research Report on CSGP
CoStar Group Company 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.
Featured Stories
- Five stocks we like better than CoStar Group
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGP – Free Report).
Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.
