IVY Lane Capital Management LLC purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 59,000 shares of the technology company’s stock, valued at approximately $2,380,000. CoStar Group comprises approximately 3.6% of IVY Lane Capital Management LLC’s holdings, making the stock its 7th biggest holding.
Other large investors also recently modified their holdings of the company. United Capital Financial Advisors LLC boosted its position in shares of CoStar Group by 2.3% in the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after acquiring an additional 167 shares during the period. Man Group plc increased its position in CoStar Group by 1.7% during the second quarter. Man Group plc now owns 10,368 shares of the technology company’s stock worth $834,000 after acquiring an additional 177 shares during the period. Norinchukin Bank The raised its stake in CoStar Group by 0.5% during the 3rd quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock valued at $2,998,000 after purchasing an additional 184 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in CoStar Group by 0.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,517 shares of the technology company’s stock valued at $1,446,000 after purchasing an additional 186 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in CoStar Group by 6.5% in the 3rd quarter. Allworth Financial LP now owns 3,745 shares of the technology company’s stock valued at $316,000 after purchasing an additional 228 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, CEO Andrew C. Florance bought 71,430 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the acquisition, the chief executive officer owned 1,722,865 shares in the company, valued at approximately $60,644,848. This represents a 4.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.18% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Report on CoStar Group
CoStar Group Stock Performance
NASDAQ CSGP opened at $28.50 on Wednesday. The stock has a market cap of $11.64 billion, a P/E ratio of 475.08, a PEG ratio of 0.76 and a beta of 0.74. The company’s 50-day simple moving average is $31.26 and its 200 day simple moving average is $41.96. CoStar Group, Inc. has a twelve month low of $26.68 and a twelve month high of $97.43. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13.
CoStar Group (NASDAQ:CSGP – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) 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 net margin of 0.74% and a return on equity of 2.90%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.04) earnings per share. 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 forecast that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.
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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