Swedbank AB Sells 204,324 Shares of CoStar Group, Inc. $CSGP

Swedbank AB lessened its position in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 67.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,881 shares of the technology company’s stock after selling 204,324 shares during the quarter. Swedbank AB’s holdings in CoStar Group were worth $3,989,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Reflection Asset Management bought a new stake in CoStar Group during the 4th quarter worth about $27,000. Lloyd Advisory Services LLC. acquired a new position in CoStar Group during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of CoStar Group by 25,650.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after purchasing an additional 513 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of CoStar Group during the 3rd quarter worth approximately $48,000. Finally, DV Equities LLC acquired a new stake in shares of CoStar Group during the 4th quarter worth approximately $40,000. Institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities analysts recently weighed in on CSGP shares. Bank of America cut their price objective on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. The Goldman Sachs Group set a $46.00 target price on shares of CoStar Group and gave the stock a “buy” rating in a report on Thursday, June 25th. Needham & Company LLC lowered their target price on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Wells Fargo & Company set a $26.00 target price on shares of CoStar Group and gave the company an “underweight” rating in a research report on Wednesday, June 24th. Finally, Robert W. Baird cut their price target on CoStar Group from $73.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Check Out Our Latest Stock Report on CSGP

CoStar Group Trading Down 2.7%

Shares of CoStar Group stock traded down $0.80 during trading on Friday, hitting $28.39. 5,916,240 shares of the company were exchanged, compared to its average volume of 6,305,611. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market capitalization of $11.59 billion, a P/E ratio of 473.25, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The firm’s fifty day moving average price is $31.94 and its 200 day moving average price is $43.99. CoStar Group, Inc. has a 1-year low of $28.09 and a 1-year high of $97.43.

CoStar Group (NASDAQ:CSGPGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $896.73 million. During the same period last year, the company posted ($0.04) EPS. CoStar Group’s revenue for the quarter 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, sell-side analysts expect that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

CoStar Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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