Swiss National Bank grew its position in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,243,765 shares of the technology company’s stock after acquiring an additional 82,800 shares during the quarter. Swiss National Bank’s holdings in CoStar Group were worth $50,173,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Reflection Asset Management purchased a new stake in shares of CoStar Group during the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. purchased a new position in CoStar Group in the 4th quarter valued at $29,000. DV Equities LLC purchased a new position in CoStar Group in the 4th quarter valued at $40,000. IFP Advisors Inc boosted its stake in CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after purchasing an additional 471 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in CoStar Group by 25,650.0% during the 3rd 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. 96.60% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Bank of America dropped their target price on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. JPMorgan Chase & Co. lowered their price target on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Benchmark began coverage on shares of CoStar Group in a research note on Thursday, June 4th. They set a “buy” rating and a $45.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a research note on Thursday, April 30th. Finally, Citigroup decreased their target price on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.50.
CoStar Group Stock Down 2.8%
Shares of CSGP opened at $27.69 on Thursday. CoStar Group, Inc. has a 52-week low of $26.68 and a 52-week high of $97.43. The company has a market capitalization of $11.31 billion, a PE ratio of 461.58, a price-to-earnings-growth ratio of 0.73 and a beta of 0.74. The stock has a fifty day simple moving average of $31.17 and a two-hundred day simple moving average of $41.68. 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 announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The firm had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($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, equities analysts forecast that CoStar Group, Inc. will post 1.03 EPS for the current year.
Insider Buying and Selling
In other news, CEO Andrew C. Florance bought 71,430 shares of CoStar Group stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the purchase, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. This trade represents a 4.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is owned by company insiders.
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.
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